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Archive
- 10/23/2026 -
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Waste Management, Inc. (WM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 8 consecutive negative weeks for the Waste Management, Inc. (WM). During the week, the WM gained 12.52 points, or 5.52%, and closed at 239.38 on Friday, October 23, 2026. Weekly volume was 27% above average.
WM is a member of Industrials Sector. Industrials is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WM long-term trend chart]
A long-term uptrend had started on March 25, 2020 at 85.34 and reached 248.13 on March 6, 2026. WM gained -162.79 points, or -190.75%, in 310 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 219.29 and resistance is at 259.15. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See WM medium-term trend chart]
A medium-term downtrend had started on March 6, 2026 at 248.13 and reached 200.58 on October 2, 2026. WM lost 47.55 points, or 19.16%, in 30 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 198.89 and resistance is at 246.40. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See WM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See WM short-term trend chart]
A short-term downtrend had started on July 17, 2026 at 247.15 and reached 200.58 on October 2, 2026. WM lost 46.57 points, or 18.84%, in 77 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (191.00) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. WM may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See WM daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since October 5, 2026. The distance between MACD and the signal line is near its high and getting bigger.
The distance between the Bollinger Bands (19.72%) is close to one year high (15.35%). It is 135.07% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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